Production from the Stabroek Block consistently increased, moving from an average of 74,000 barrels of oil per day (bpd) in 2020, to an average of 616,000 bpd in 2024. The One Guyana FPSO is ...

Exxon only roughly a week ago announced two additional oil discoveries in the world class 6.6-million-acre Stabroek Block offshore Guyana which now sees over 30 discoveries in that block alone.

Guyana’s government demanded no upfront fee from the oil giant and promised to allow Exxon to recoup its full costs before claiming any royalties, while breaking its own laws limiting the number of ...

Guyana’s oil boom already has a nemesis ... 2—You can view a map of the territorial waters claims over the Stabroek block here.

adding 180,000 barrels per day to production in the Stabroek Block. Those facilities will add 930,000 barrels per day to Guyana’s oil production, lifting output to around 1.5 million barrels ...

The S8 block is part of a broader push by Guyana to develop its oil and gas resources. The government offered 14 blocks in its latest auction. Eight of these blocks received bids from prominent ...

In the Stabroek Block, since 2015, exploration missions have found more than 11 billion barrels of recoverable oil and gas. Overnight, the wealth found underwater has turned Guyana from one of the ...

The globally regarded independent energy research and business intelligence entity, Rystad Energy, continues to classify Guyana ... Block, by Exxon, reportedly amount to more than 11.6 billion oil ...